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and speaker john boehner drawing different lines in the sand. will they break the stalemate? and if they don't -- that's coming up. >> greta: late today, david petraeus abruptly resigning after admitting to an extra-marital affair with his biographer. that's bad. but it gets worse. the resignation just days before general petraeus was set to testify at congressional hearings. coincidence? >> good evening, how are you? >> greta: i'm very well. congress pan, the affair, i mean, for the most part, i am trying to separate this out. it is a matter for general petraeus and his wife. but there is -- there is some parts of it that do have an implication. one is whether or not it's a security breach and that it should have been picked up and turned over to the house intel commits and whether or not that could be used as blackmail against him. your thought, sir? >> well, even someone as lowly as an assistant u.s. attorney has to undergo a background check with very invasive questions and you are expected to tell the truth and you are asked under penalty of perjury. so you can increase that expoinentia
'am. >> greta: straight ahead, president obama versus the speaker of the house, john boehner, digging in their heels on avoiding the fiscal cliff. time is running out. the latest is next. another bush family member is getting ready to run for political office. which one is it? start guessing. that's coming up. ♪ [ male announcer ] how could switchgrass in argentina, change engineering in dubai, aluminum production in south africa, and the aerospace industry in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. >> well, it didn't take long, talk of compromise, post postelection, turning into stalemate. john boehner and barack obama not budging as we rapidly approach the fiscal cliff. >> 2013 should be the year we begin to solve our debt through tax reform and entitlement reform. i a
to retire. i think mr. john boehner wants to work out a deal. i really do. he has to get through. kantor and some of the others on the extreme right. -- eric cantor and some of those on the right. i do not like the extremism. it is not helpful to the country at all. host: thank you for the call. we read this at the top of the program. on our twitter page, there is this -- nancy cook puts it this way. "game of chicken." her answer, probably not. george is on the phone from the line for republicans. caller: i just think when the voters spoke on the past election that we as citizens are being shortchanged. we vote our -- our constituents voted for representatives, but we are not being represented. in the last 30 days of the campaign, i decided to be an independent. i was not convinced everybody was being fairly treated with the tax cuts. therefore, i believe speaker john boehner, rip cantor, reid, and the president to sit down and realize we elected them to look out for our best interests. what we do not get that, you get the backlash you got on the last election. host: a couple of other op
, but there is no sign of that. president obama and speaker john boehner laid out their position today that sounded like they're positions. >> this is a restart between high-stakes negotiations between two men. they are starting where they left off, far apart. in a speech at the white house, president obama claimed the election proved most americans agreed with his plan, that he calls balanced, cutting spending and hiking taxes to avoid the fiscal clef. he said he is flexible, but -- >> i refuse to accept any approach that is not balanced. i am not going to ask students and seniors and middle-class families to pay down the entire deficit while people like me making over $250,000 are not asked to pay a dime more in taxes. >> the main republican negotiator will be speaker john boehner. >> the problem with raising tax rates on the wealthy americans is that more than half of them are small business owners. we know from ernst and young, 700,000 jobs would be destroyed. >> john boehner insists the middle class and the government would get more money if tax rates dropped. >> we know we will get more economic g
a big deal or grand bargain with the republic speaker john boehner. during election year we haven't heard any of that because they were fighting so much. now the president saying how he wants a deal. speaker boehner all recent days been saying all the right things. it's interesting that today the president didn't really move an inch toward the republicans and speaker boehner had some comments that suggested he is not ready to move towards the president. take a listen thrrvettle are ways to put revenue on the table without increasing tax rates. we have talked about this now for over a year. you could -- there is all kinds of information and data out there. but, getting into the specifics of that at this point would not be conducive to trying to come to an agreement with the white house. >> so the bottom line is that neither side has -- president at his news conference today or john boehner in his conference have gotten into the tough specifics about what's going to happen to taxes, what's going to happen in terms of spending cuts to try to get a big debt cut maybe up to $4 trillion
, we have the president winning re-election. we have john boehner returning to the speakership. harry reid returning. to being the senate majority leader. and while the status quo was the big winner last tuesday, the history books will not remember the names john boehner and harry reid as long as they will remember what this re-election meant for president barack obama. >> that's exactly right. it is a ratification. it is an affirmation historically. you could argue that maybe one of the reasons he's crying is he's going to have to deal with john boehner and harry reid going forward. so there could be a very practical trigger there. but certainly, i mean, what mike and john have said is exactly right. it's an important moment. he's the third democrat, fourth democrat, to do this in a century. woodrow wilson, franklin roosevelt, bill clinton and barack obama. not bad company to be in. >> by the way, i heard you say that on wednesday morning. who was the democrat -- the last democrat before that to do it? >> well -- >> that's a test. >> -- that is a test. >> jackson? >> i guess it would
and house speaker john boehner are advocating compromise, yet sticking to their guns on taxes. again, chief white house correspondent ed henry. >> even as president obama suggested the campaign is over by inviting congressional leaders to white house for fiscal cliff negotiations next week -- >> it is time to get back to work. >> he left the impression the campaign continues as the white house invited 200 supporters to the east room. for what republicans dismissed as a rally. >> we can't just cut our way to prosperity. if we're serious about reducing the deficit, we have to combine spending cuts with revenue. that means asking the wealthiest americans to pay a little more in taxes. >> the president's first public comment since election night came less than two hours after house speaker john boehner said yet again today he is ready to deal. >> this is an opportunity for the president to lead. this is his moment. the president claimed one for his plan. the spending cut mixed with tax increases. >> i want to point out this was a central question in the election. on tuesday night, we found out
. i think you heard john boehner say that. we've had votes in the senate where we've gotten rid of tax credits. i think that's a given. >> we need the republicans to do in 2012 what we did in 2010. we hear the mandate continue to cut spending, but they have to hear the than date real revenues not like dynamic scoring. >> and here's what happens if no agreement is reached before january 1st.bush tax rates expire. emergency unemployment benefits will end. the 2011 payroll tax holiday expires. and $984 billion in cuts will be triggered. joining me now, andy sullivan and sher a tupletts. what do you expect to come out of the meeting friday and will any real progress made? >> oh, no, but i think the optics will be important. there will beside by side getting their picture taken and i think this will reassure voters and most importantly investors that they are serious about the problem and they want t to get something done before the end of the year. they've pretty much gotten a free ride from the markets. everybody knew this was coming up, but interest rates have remained low and the stock
house speaker john boehner both laid out ideas to avert the so-called fiscal cliff. tax increases and spending cuts are due to hit in january, but today it seemed the two leaders and the bipartisan deal are still worlds apart. steve handelsman is on capitol hill with more on that. steve? >> you got it right. this is a restart of a high-stakes negotiation between those two men. the president and the speaker. the problem is beginning today where they left off, which is far apart. in a speech at the white house, president obama claimed the election proved most americans agree with his plan. that he calls balanced. cutting spending and hiking taxes to avoid the fiscal cliff. he said he's flexible -- >> but i refuse to accept any approach that isn't balanced. i am not going to ask students and seniors and middle class families to pay down the entire deficit while people like me making over $250,000 aren't asked to pay a dime more in taxes. >> reporter: he's calling in members of congress for fiscal cliff meetings next week. but the main republican negotiator, again, will be speaker joh
age to 67 and cap benefit hikes under social security. obama and house speaker john boehner are due to begin negotiations friday on averting the so-called fiscal cliff of expiring tax cuts and automatic spending reductions set to take effect at the end of the year. speaking in washington, treasury secretary timothy geithner stressed the urgency of reaching a deal. >> i know the cliff is unattractive. it would cause a lot of damage to the american economy. a careful about those who argue and urge for "let's just extend while we negotiate." it will leave a different source of uncertainty on the table, like what would give the people the incentive to come back and do something tough. >> millions of workers in europe have joined a general strike today protesting the wave of spending cuts and tax hikes that has swept the continent in the name of austerity. spanish and portuguese workers are coordinating their strike with work stoppages also planned in greece, italy, france and belgium. we will have more on the strike after headlines. closing arguments have ended in a pretrial hearing to
a potential financial crisis, can house speaker john boehner and the president find an onslaught of spending cuts and tax hikes? stay with us. [ male announcer ] truth is, dayquil doesn't work on runny noses. what? [ male announcer ] it doesn't have an antihistamine. really? [ male announcer ] really. alka-seltzer plus cold and cough fights your worst cold symptoms, plus has a fast acting antihistamine to relieve your runny nose. [ sighs ] thank you! [ male announcer ] you're welcome. that's the cold truth! [ male announcer ] alka-seltzer plus. ♪ oh what a relief it is! ♪ [ male announcer ] to learn more about the cold truth and save $1 visit alka-seltzer on facebook. but proven technologies allow natural gas producers to supply affordable, cleaner energy, while protecting our environment. across america, these technologies protect air - by monitoring air quality and reducing emissions... ...protect water - through conservation and self-contained recycling systems... ... and protect land - by reducing our footprint and respecting wildlife. america's natural gas... domestic, abundant, cle
is there to do? the signals from john boehner, the speaker of the house, are that he's got some more leverage with his republican caucus than he had back in the day, and that there is talk of coming up with more revenue. maybe not calling it a tax increase, not a rate increase, but finding some way to raise some more money. >> right. you know, andrea, i hate to sound an optimistic note when it comes to politics, but i do think the signals coming out of john boehner's sort of world, and out of president obama's statement last week is that there can be some common ground here, that president obama, i think, clearly has some leverage due to what happened in the, in his own race, as well as at the senate level. so i think he has that. and then john boehner, i think a little bit more questionable in how much more leverage he has within his own caucus, but we shall see. if both of them can sort of say, look, let's do this, this is important to the country, let's move on, we can disagree about lots of other things, but we're going to compromise and move forward. whether that compromise is not raisin
house? is it john boehner? >> i think the president is the only with one that can sign the agreement. john boehner needs to have an agreement that the house of representatives will pass, and i think whatever the two of them agree on will pass the senate. but expect it will be john boehner working along with the president. i'm sure mitch mcconnell will be very closely involved in the discussions with leader boehner. >> you don't believe a deal should come out of the senate and then be introduced in the house? >> well, i think the elections are over. we need to find solutions to help our country move forward in a positive direction and as the chairman of the joint chiefs of staffs says the biggest threat to our national security is actually our debt. we need to get this spending under control and get people back to work. >> i want to talk about this issue of taxes and tax rates and get you to respond to something from not exactly someone who is known as a liberal thinker here. take a listen. >> it won't kill the country if we raise tax as little bit on millionaires. it really won't, i
working across the aisle. yesterday john boehner said he would work. and harry reid mentioned he likes to dance but can fight. >> the american people have spoke yen they reelected president obama and again a republican majority in the house of representatives and there is a man date in yesterday's results it is a man date for us to work together on the solutions and challenges that we face as a nation. >> the american people us to work together . i know how to fight and i know how to dance. i don't dance as well as i fight but i would rather dance any time. the way to get things done to work at this time. we need republicans to help us. i repeat to have the leader of the republicans in the senate say his number one goal to defeat obama and that's how we legislated. >> steve: that was two days ago. come on and smell the poll results. say we hold a majority in the house of representative and so we have a man date as well >> gretchen: this is what the american people are so tired of. listening to the back and forth and back and forth and nothing gets done. nothing gets done. if you want m
to what he can do, just as john boehner and democratic leadership are limited by the broader environment. >> matt denn i am sensitive to this -- everyone in this room should read the fourth volume on lyndon johnson. it is available on cd's. it is 26 cd's long. that is a drive from washington d.c. to tampa, florida, where they had the republican convention, to charlotte, fort bragg, back to charlotte, washington. that is 26 cd's. [laughter] but i have this image of lyndon johnson spinning in his grave at the idea that there is the president of the united states that has minimal interaction of congress, especially some of his own party. republicansorget and tea party people. forget them. just in his own party, wander around the hill, as all of you do all the time, and ask democratic members of congress, how much personal interaction do you have with the president? i hate giving political credit for anything, but they have that piece back in may that pointed out that the president, as of may, had not had a single conversation this year with the their kent conrad, chairman of the senate budg
alone. and election results are barely dry and john boehner and president obama buting heads. key disagreements are whether taxes should be raised on wealthy americans. neither seem willing to compromise on that. >> and a pair of college basketball was cancelled because the floor was not in ship shop. florida left georgia in half time. there was so much condeization on the floor the game was cancelled. >> and over the next few weeks, top republicans are taking a closer look at what went wrong in the election cycle and how to fix it they are talking to donors and house majority leader john boehner said there is no tea party to speak of anymore. does the republican party need to change the image joining us now is shawn and amy. welcome to the woth of - both of you. i know it is it a disappointing week that you are reacting tompt there is it a lot of soul senching going on saying that the republican party need toz get a grip and take a look at where it missed the mark in the past election, shawn, a lot of the folks are upset that the republican party did not factor in the real vibe w
to tackle the impending fiscal cliff but the president and the speaker of the house john boehner each drawing lines that they say they will not cross. the major hurdles, that threat to send the economy into a tailspin, that's coming up next. >>> plus a nascar race turning into a full-scale brawl. look at this. mayhem breaking out of the everybody going at it. we'll tell you what set it off. after this. ve lately. but because of business people like you, things are beginning to get rolling. and regions is here to help. making it easier with the expertise and service to keep those wheels turning. from business loans to cash management, we want to be your partner moving forward. so switch to regions. and let's get going. together. jenna: well come back, everyone. now let's return to the economy. the president and house speaker john boehner are suggesting they are willing to compromise to prevent our economy from going over that so-called fiscal cliff but both sides are digging in their heels whether or not to race tax rates for the wealthy. rich edson of the fox business network watching
leader john boehner said there is no tea party to speak of anymore. does the republican party need to change the image joining us now is shawn and amy. welcome to the woth of - both of you. i know it is it a disappointing week that you are reacting tompt there is it a lot of soul senching going on saying that the republican party need toz get a grip and take a look at where it missed the mark in the past election, shawn, a lot of the folks are upset that the republican party did not factor in the real vibe with the youth vote, women and hispanics. >> look we lost but we did a lot of things well. our ground game was strong and did better in the battle ground states than in 2008 and president obama did worse than in 2008. fund raising was off of the chart. >> we got breaking news to alert to. the associate press is now reporting that thitate of florida was an obama win. florida topping rom no. 332 to 206. that's the way it stands. this had to take place over a period of days and so we know shawn florida goes in the obama colume. >> another nail in the coffin. part of the what we need
to be revenues as well. second, he's rejecting the john boehner approach which is boehner saying i'll agree to revenues as long as they come as a result of economic growth. in other words, we won't legislate changes in taxes. we'll hope that revenues go up. he's saying no, that won't work for me. you're not going to legislate spending cuts. this is the president talking. not legislate revenue changes as well. >> bill: all right. so there are -- the most immediate decision maybe facing the congress is that as you point out, all of the bush tax cuts expire. which means not only the taxes -- tax cuts for the wealthy expire, the tax cuts for those making under $250,000 a year expire as well. so the president said friday all right, the senate has already passed a bill which would give extended tax cutless for the 98%, those making under $250,000. but let the ones for the wealthier people and defined as over $250,000 expire. and he challenged the house of representatives to pass that. what do you think -- so this is a real -- to
't think so. john boehner laughing in the face that the leader of the republican party from here on out might be paul ryan. that guy? the republican party pick its new face, its new leader after their electoral disaster. that's going to be an amazing thing to watch. here's just a case in point. it was an overall electoral disaster for republicans to lose the presidency. it was thought to be impossible for them to lose the presidency. nobody since the great depression has been reelected as president with an unemployment rate like the one we have now. but barack obama manage d to do it. just take as a case in point. the tremendous republican disaster in the united states senate. i mean, they had a bad night on tuesday night. but in the senate, it was a sure bet that the republicans were supposed to retake control of the senate this year. a sure bet. they are only defending ten seats. not only did the republicans not retake the senate, the democrats held on to control and increased their margins. that's impossible. in a year like this. and the depth of that failure is bottomless. look at h
. and secondly, when john boehner says the american people do not want tax increases, if you could remind folks that the house numbers for the democrats out way -- outweigh -- all of the people who won on the democratic side, they were outvoted by half of 1 million voters. guest: -- host: thank you. guest: i think they live in a parallel universe and are often ill informed on the news. but on the second point, john boehner always says the american people do not want anybody's taxes to go up. i do not know what he bases that on. here we go back to the polls again, but every survey or poll that i have seen among democrats and republicans, the american people think that the wealthiest have had a good free ride for 10 years and should go back to paying their fair share. i do not know where john boehner gets that. gets that.
, john boehner, said quote, everything on the revenue side and on the sp spending side has to be looked at but when it comes to specifics he put the ball firmly in barack obama's court. >> i don't want to box myself in or anyone else in. i think it is important for us to come to an dpe agreement with the president but this is his opportunity to lead. >> here to sort what call of this must mean, we have all angles covered, including from the white house ahead of this daily briefing. we have jessica yellin, athena jones and ali velshi in new york. let me begin with you. we were watching the president walk in the east room. i noticed standing ovation. the energy in the room. the president pulled out his own pen saying yes, i'm ready to sign the bill flanked by marylandle class americans. when it comes to middle-clax tax cuts it sounds like the president is sticking to his guns. >> his terms are fairly stark. he's willing to negotiate on entitlements, medicare, medicaid. the white house democrats consider that a huge give the democratic party but what he is not willing to negotiate on is ra
back into recession. house of representatives speaker john boehner said republicans are ready to work with the president on tax reform. many republicans want to keep tax cuts for the wealthy, but democrats are opposed. >> mr. president, the republican majority in the house stands ready to work with you to do what's best for our country. we're willing to accept new revenue under the right conditions. >> boehner said obama obama must reduce spending and overhaul entitlement programs. republicans then would be willing to back programs aimed at raising federal revenues. >>> pakistan remains one of the biggest foreign policy headaches for re-elected president obama. his second term will oversee the withdrawal of u.s. combat troops from afghanistan, scheduled to be complete by the end of 2014. nhk world's hideki yui outlines the challenges those two countries pose for obama's next term. >> reporter: afghanistan and pakistan are two nations affected by the u.s. fight against terrorism. both expect the obama administration to shift its focus during a second term to rebuilding the economy back
a dime more in taxes. i'm not going to do that." earlier, house speaker john boehner told reporters that allowing tax cuts for the wealthy to expire at the end of the year would be harmful to the economy. "the congressional budget office released a report that the most harmful consequences of the fiscal cliff come from increasing tax rates, and according to ernst and young, raising the top rates would destroy nearly 700,000 jobs in our country." the fiscal cliff is the result of the unresolved debt ceiling debate a year-and-a-half ago: $110 billion in spending cuts - half of it defense-related. it's also a list of tax breaks about to expire that includes: the bush tax cuts, the alternative minimum tax, reduced payroll tax, and the federal unemployment benefit extension. some believe that negotiations come so soon after the election that it may put pressure on republicans to compromise. "it's going to be a disaster if it doesn't get done, and the blame will be on them. they have to compromise - something they didn't do in the last session." when pressed for details as to what ground
must include asking wealthiest americans to pay more taxes. house speaker john boehner disagrees. >> the problem with asking for more taxes is a lot of them are small business owners. >> they're asking from the middle class. most of them work on the more contentious issues at stake by the end of the year. >>> the airport authority got an award nobody wants. the golden hammer for the week's worst government waste. and while it controls dulles and reagan airport, billions in federal money is spent. the journal talks about free football tickets they got, side jobs and one contact that went 1700% over budget. the washington garden also -- guardian also stunned because it awarded 2-thirds of its contracts without opening up for bid. >>> president obama will travel to new york next week to check out the recovery efforts firsthand. and there he will meet with families, local officials and the first responders who have been dealing with the aftermath of super storm sandy and then the nor'easter. in new york alone, the damage could reach $33 billion. it was a pretty odd day for the folks
on the growing debt. john boehner and president obama are the primary negotiators. what are both sides going to need to do to get the job done? chris van hallen joins us now. thanks for coming in. good to have you here. >> good to be with you. >> is there any reason that i or we the american people can have any optimism this is going to get done before the end of the year? there's not a lot of time left and a lot to deal with. >> yes, there is reason for optimism. there is a combustable risks. but there is opportunities here. with respect to across the board cuts, i think there's a decent chance congress could come up with an alternative way to reduce the deficit over a period of time so you don't have these slashing cuts. you'd have to replace those savings with other savings but that's doable. the tax piece is more complicated. you've heard the president make the point that he wants to immediately extend tax relief to 98% of american people. 100% of the american people would get tax relief on the first $250,000 of their income. on income above that, we should have people go back to the rat
known as the fiscal cliff. president obama and house speaker john boehner seem to be sticking to their guns, those old noncompromising my way or the highway type guns. >> i'm not going to ask students and seniors and middle class families to pay down the entire deficit while people like me making over $250,000 aren't asked to pay a dime more in taxes. i'm not going to do that. >> the problem with raising tax rates on the wealthiest americans is that more than half of them are small business owners. >> the president says he will reject any deal that does not include asking the wealthy to pay more. that fiscal cliff is a combination of some automatic spending cuts and tax increases and economists say the country will be plunged into another recession if lawmakers don't do something by january 1st. mr. balm and speaker boehner are scheduled to meet at the white house next week. >>> because of that impending financial doom and gloom virginia's governor bob mcdonnell ordered state agencies to look into cutting their budgets by 4% and as reporter peggy fox explains, the same thing t
. any deal must include asking wealthiest americans to pay more taxes. house speaker john boehner disagrees. >> the problem with asking for more taxes is a lot of them are small business owners. >> they're asking from the middle class. most of them work on the more contentious issues at stake by the end of the year. >>> the airport authority got an award nobody wants. the golden hammer for the week's worst government waste. and while it controls dulles and reagan airport, billions in federal money is spent. the journal talks about free football tickets they got, side jobs and one contact that went 1700% over budget. the washington garden also -- guardian also stunned because it awarded 2-thirds of its contracts without opening up for bid. >>> president obama will travel to new york next week to check out the recovery efforts firsthand. and there he will meet with families, local officials and the first responders who have been dealing with the aftermath of super storm sandy and then the nor'easter. in new york alone, the damage could reach $33 billion. it was a pretty odd day for
of the house john boehner who will remain the most powerful in washington another two years think voters instead wants to compromise. >> the american people have spoken. they re-elected president obama and they again re-elected a public majority in the house of representatives. there's a mandate for us to find a way to work together on the solutions to the challenges that we all face as a nation. >> the democratic leader of the senate harry reid also expressed a desire to xroe mis-- compromi. now americans know they can't defeat obama now they need to put attention on meeting somewhere in the middle on important issues. >> this is a message american people sent from all over. that is they are tired of these partisan grid locks. they are tired of things like well i have one goal to meet be obama. that's gone. obama was re-elected overwhe overwhelmi overwhelmingly. american people want us to work together. >> we will find out soon if there will be compromise like both of the leaders that they both said because we are less than two months away from the fiscal cliff. long-term unemployment b
that case. he has the bully pulpit and i hope he does. >> congressman, what is john boehner's next move? what do you think is going to happen? >> he's going to meet with the president. they are going to meet next week. i think he's going to have to face the reality that either now, that is in the lame duck session, their 200-plus democratic votes ready to go on the president's plan. that's about 18 republicans we would need. and boehner has to understand that we actually must work across the aisle to solve this problem. otherwise we're not going to get it done. the american public demands we work together. just imagine what we could do if we actually worked together. we can solve some serious problems. we could do the american jobs act and the infrastructure and rebuild new york and new jersey, desperately needed there. serious investment needs to be made on our infrastructure. we can only do that if we work across the aisle. the president has laid out a very good starting point to get the negotiations underway. >> no doubt. congressman larson, do you think there are any republicans in
're just going to do whatever the president wants. i think john boehner was very clear that everything is on the table with respect to revenue reductions -- revenue increases as well as spending reductions, but there are certain things that aren't. and i think what john boehner said is right, we should not be increasing tax rates on businesses in america. so i think you're going to look at it from the standpoint of can we tighten the tax code, limit deductions? there are things we can do to simplify the code that will result in more revenue because it will result in more growth. i think republicans absolutely should put those things on the table and revenue shercertainly should be part of the deal. >> some people are blaming you for mitt romney's failure, and i'll explain to you why. >> i wish i had such power here that i could be blamed for these things. >> allow me to elaborate. what they're saying is if he hadn't been pushed into fairly right wing quite extreme positions in his battle against the likes of you early this year for the public nominee race, then he wouldn't have gotten
? john boehner indicated, revenue is possible, but we're not raising tax rates. where is there compromise? >> i think where there's going to be a compromise on taxes, this be would be a good thing on the economy, might exchange lower tax rates in return for a reduction in all the loopholes that as it is distort economic activity. so if boehner were able to achieve that kind of compromise, that's one that the republicans could be pleased with. the bush tax cuts are gone, they're expiring, and the president said that 250,000 below, he wants that extended, but for those making more than 250, will the bush tax cuts come to an end? >> i don't think so. i think actually the they won't come to an end because the democrats don't want major reduction in spending, if you hit the cliff, the spending would go down and politicians love to spend money. an extension of the bush tax cuts, less we're blessed by the relatively few, jeff baso, the late steve jobs, you want to remove the barriers to their production, not raise them. >> mike: john, we're not going over this cliff, are we. >> there's no way we
boehner outlined different positions is there room for a deal. >> i think there may be because john boehner made it clear that while republicans don't want tax rates to rise, they are open to collecting additional revenue. on the other side, president obama reiterated that he wants the wealthiest americans pay more taxes but he did not demand that tax rates rise to collect the money. if we read between the lines it looks like a deal could be cut to limit itemized deductions for the wealthiest americans. that's schedule a and some o of the popular deductions include mortgage interest or charitable contributions, property taxes and state and local taxes, we could see a deal around the itemized deductions. >> i don't want to be the grim reaper, what if they don't get a deal done, we're in trouble. >> 80 to 90% of americans are going to see their taxes increase, maybe by 3500 dollars on average, 2 grand for middle income americans. if you're a low to middle wage earner. here's what you would lose, the valuable earned income tax credit and payroll tax would go up by a couple percent. if
. they weren't fighting for the top jobs. that's going to stay john boehner. they're actually fighting for the number four job in the house. the contest was tom price against one of the precious few republican women in the house, cathy mcmorris rodgers. and there were some interesting politics at work here. miss mcmorris rodgers had the support of speaker john boehner, but tom price had the support of this guy, the republican party's vice presidential nominee, paul ryan. in the end, it was cathy mcmorris rodgers who won. paul ryan's guy lost. and so even as they lose the presidency, thanks to a devastating gender gap in the polls, and at the same time they send even fewer republican women to congress than were there before, republicans did today pick for this small, low-profile national republican number four leadership role an actual woman. and that's the best they've ever done. that's the highest ranking gop woman there has ever been in the house. back over on the senate side, republicans are faced with a dilemma set up for them by john mccain, as i was just discussing with bill burt
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